|
America Erupts… ICE Raids Takeover The Streets
AC/DC- Riff Raff + Go Down [VH1 Uncut, July 5, 1996]
Why is Peter Schiff calling Bitcoin a ‘giant cult’ and how does this impact market sentiment?
Esso Your Butt Buddy Horseshit jacks off to that shit
"The Addled Activist Mind"
"Don’t Stop with Harvard"
"Does the Biden Cover-Up Have Two Layers?"
"Pete Rose, 'Shoeless' Joe Reinstated by MLB, Eligible for HOF"
"'Major Breakthrough': Here Are the Details on the China Trade Deal"
Freepers Still Love war
Parody ... Jump / Trump --- van Halen jump
"The Democrat Meltdown Continues"
"Yes, We Need Deportations Without Due Process"
"Trump's Tariff Play Smart, Strategic, Working"
"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"
"Trump Administration Freezes $2 Billion After Harvard Refuses to Meet Demands"on After Harvard Refuses to Meet Demands
"Doctors Committing Insurance Fraud to Conceal Trans Procedures, Texas Children’s Whistleblower Testifies"
"Left Using '8647' Symbol for Violence Against Trump, Musk"
KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel
"Trade should work for America, not rule it"
"The Stakes Couldn’t Be Higher in Wisconsin’s Supreme Court Race – What’s at Risk for the GOP"
"How Trump caught big-government fans in their own trap"
‘Are You Prepared for Violence?’
Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"
"Trump signs executive order eliminating the Department of Education!!!"
"If AOC Is the Democratic Future, the Party Is Even Worse Off Than We Think"
"Ending EPA Overreach"
Closest Look Ever at How Pyramids Were Built
Moment the SpaceX crew Meets Stranded ISS Crew
The Exodus Pharaoh EXPLAINED!
Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!
Are we experiencing a Triumph of Orthodoxy?
Judge Napolitano with Konstantin Malofeev (Moscow, Russia)
"Trump Administration Cancels Most USAID Programs, Folds Others into State Department"
Introducing Manus: The General AI Agent
"Chinese Spies in Our Military? Straight to Jail"
Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly
"Real problem with the Palestinians: Nobody wants them"
ACDC & The Rolling Stones - Rock Me Baby
Magnus Carlsen gives a London System lesson!
"The Democrats Are Suffering Through a Drought of Generational Talent"
7 Tactics Of The Enemy To Weaken Your Faith
Strange And Biblical Events Are Happening
Every year ... BusiesT casino gambling day -- in Las Vegas
Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel
Palestinians: What do you think of the Trump plan for Gaza?
What Happens Inside Gaza’s Secret Tunnels? | Unpacked
Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225
EXPOSED: The Dark Truth About the Hostages in Gaza
New Task Force Ready To Expose Dark Secrets
|
Status: Not Logged In; Sign In
Bang / Guns
See other Bang / Guns Articles Title: Reverse Trump effect? Remington Arms files for chapter 11
Source:
HotAir
URL Source: https://hotair.com/archives/2018/02 ... mington-arms-files-chapter-11/
Published: Feb 13, 2018
Author: Jazz Shaw
Post Date: 2018-02-13 19:40:29 by Tooconservative
Keywords: None
Views: 907
Comments: 4
| A particularly depressing bit of news from my old stomping grounds growing up crosses our desk today. Remington Arms, one of the nation’s most venerable manufacturers of firearms, is in serious financial trouble and has reached an agreement to file for bankruptcy protection. And according to Bloomberg’s coverage of this story, the main reason they’re citing for their fiscal woes is… Donald Trump. This particular case of assigning blame is probably different from ones you’ve seen in the past, however. Normally we’d hear about Washington passing some new regulation which harms businesses. In this case, they’re saying that President Trump is such a fan of protecting Second Amendment rights that people aren’t in as much of a rush to run out and buy firearms because, unlike during Obama’s tenure, they’re not worried that the government will be coming to take them away. | For two centuries, it has been a totem of America’s gun culture — a name emblazoned on frontier flintlocks and U.S. Army .45s. But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans’ right to bear arms. The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump. Feinberg’s firm, Cerberus Capital Management, acquired Remington in 2007 and subsequently saddled it with almost $1 billion in debt. The Chapter 11 bankruptcy filing will let Remington stay in business while it works out a plan to turn around the company and pay its creditors. |
At most I suppose we could call this the Reverse Trump Effect. The President is a big supporter of not just gun rights, but gun manufacturers as well. The one thing he can’t do is force people to go out and buy the product. With the perceived threat to gun ownership in the rearview mirror for now, shoppers are probably finding other things to spend their new tax break money on. Of course, that perception of the danger to gun ownership based on who is in the Oval Office has always been somewhat overblown. The Democrats still don’t have enough seats to pass any serious gun restrictions even if they still had the White House. The real danger lies in state-level regulations. Replacing Obama with Trump hasn’t done a thing to loosen the vulture-like grip of the New York Safe Act, one of the worst gun laws in the country and, ironically, passed in the same state that Remington traditionally called home. (I used to ride past their factory on my bicycle as a kid on a regular basis.) Fortunately, this is a reorganizational bankruptcy. At this point, it doesn’t look as if they’ll be closing the doors or laying off a lot of their workers. But if things don’t turn around for them in the near future that could always change. It would be an absolute shame to lose them. Remington makes some beautiful products. My very first rifle, received when I was around ten years old, was a Remington bolt-action .22 long rifle. I still have fond memories of it. |
Poster Comment: I said all along that 0bama is the greatest guns-and-ammo salesman in history. Trump is proving it.
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Top • Page Up • Full Thread • Page Down • Bottom/Latest
|
